More Upside for DryShips (Nasdaq:DRYS)

Filed in credit-suisse, Dryships, Gold Prices, o, price-target, target, upgrade by on December 10, 2010 0 Comments

DryShips (Nasdaq:DRYS) has enjoyed a big boost today as an analyst from Credit Suisse (NYSE:CS) upgraded the shipping company, along with his price target on them. Dryships announced last week it is going to raise $500 million via a private offering, which they’re going to use to “finance construction costs of the ultra deepwater newbuilding drillships under construction at Samsung, exercise

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Kohl’s (NYSE:KSS) Estimates Raised by FBR Capital After Strong November

Filed in EPS, FBR Capital, Guidance, Kohls, o, price-target, silver, target by on December 3, 2010 0 Comments

November was a good month for Kohl’s (NYSE:KSS) and FBR Capital raised the EPS estimate on the company, along with their price target in response to their performance. FBR said, “We are raising estimates on KSS due to strong sales. We are now modeling a 3% comp for the balance of the quarter. Our gross margin and SG&A assumptions are in line with management’s guidance, and we are modeling 299

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Jo-Ann Stores (NYSE:JAS) Has EPS Estimate Lowered by Wedbush

Filed in earnings, EPS, Gold Prices, Jo-Ann Stores, o, outperform, price-target, Wedbush by on December 3, 2010 0 Comments

Wedbush has lowered their EPS estimate on Jo-Ann Stores (NYSE:JAS), although they’ve maintained their “Outperform” rating on them. “We believe there is strong visibility for near- and long-term earnings power driven by strong internal execution and favorable external factors. Comp momentum should remain strong despite the challenging environment due to strong internal execution, including

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Frontline (NYSE:FRO) Finds Support in Seaborne Oil Trade

Filed in dividend, earnings, FBR Capital, frontline, o, price-target, silver by on November 29, 2010 0 Comments

Frontline Ltd (NYSE:FRO) no doubt faces some short-term challenges, the expanding role of oil transportation using the sea should help Frontline over the longer term.FBR said, “Frontline reported a softer quarter due to weak rate realizations, as we expected. Concerns over 4Q10 earnings as well as the dividend level also drove the stock lower. While the near term is proving to be challenging, we

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Adobe’s (NASDAQ:ADBE) Earnings Estimate Raised by Jefferies

Jefferies maintains their “Buy” rating and price target on Adobe (NASDAQ:ADBE), but has changed their EPS and revenue estimates in 2012 from $2.43/4.51 billion to $2.45/4.44 billion For 2011, they see Adobe struggling to reach growth expectations. They said, “Our survey work points to decent CS adoption, we and the Street continue to model below management’s growth expectations for FY11 and

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Goldman (NYSE:GS) Lowers EPS Estimates on Medtronic (NYSE:MDT)

Goldman Sachs (NYSE:GS) cut its earnings estimates on Medtronic (NYSE:MDT) while maintaining a “Neutral” rating on the company. Earnings were lowered in 2011 from $3.45 to $3.40, in 2012 from $3.67 to $3.60 and for 2013 from $3.97 to $3.45. Goldman said shrinking gross markets, lower sales guidance and interest income were the factors they considered in their decision. A price target of $36

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Patterson Companies (NASDAQ:PDCO) Differentiation Exceeding Expectations

Patterson Companies (NASDAQ:PDCO) can’t do anything about the current economic environment, but they can add value to their clients via the differentiation of the products they offer, and that’s what they’re doing, according to Jefferies.”An improving economic environment and steady consumables growth are required to drive shares meaningfully higher. In the meantime, PDCO continues to add value

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Northwest Pipe Company (NASDAQ:NWPX) Restatement Size Weighs on Them

Northwest Pipe Company (NASDAQ:NWPX) continues to work under the weight of the restatements they made for the third quarters of 2009 and 2010. Jefferies said, “NWPX has recently filed financial statements for 3Q09 to 3Q10, and restated prior years’ results. Its accounting may be resolved but we are concerned over the sizes of some restatements and the number of them, and their implications for

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Trina Solar (NYSE:TSL) Manufacturing Model Driving Profitability

Filed in auriga, Gold Prices, o, price-target, silver, trina-solar by on November 24, 2010 0 Comments

Auriga says they’re maintaining their “Buy” rating on Trina Solar (NYSE:TSL), citing their low cost manufacturing model, which generates above-average profits. Auriga said, “Trina Solar is set to report solid results next Tuesday, Nov 30, before the market opens. While our model changes have been slow to materialize, we find the Street is lagging as well. We are forecasting over $1.00 in EPS in

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Noble (NYSE:NE) Should Outperform Peers in Short Term Says FBR

Filed in FBR Capital, Gold Bullion prices, noble, o, outperform, price-target by on November 24, 2010 0 Comments

Based on the narrowing of bifurcation rates, FBR said they see Noble Corporation (NYSE:NE) outperforming their peers over the next month or so. FBR said, “We are adding NE to FBR Top Picks, replacing FMC Technologies (NYSE:FTI). We expect the stock to outperform its peers in the next several weeks, based on our expectation for the bifurcation of rates to narrow as the jackup market builds

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Goldman (NYSE:GS), JPMorgan (NYSE:JPM) Maintain Neutral on Medtronic (NYSE:MDT)

Goldman Sachs (NYSE:GS) and JPMorgan (NYSE:JPM) both reiterated their “Neutral” rating on Medtronic (NYSE:MDT), citing little in the way of catalysts to drive the company forward, even though they may have a decent second quarter. Goldman said, “We maintain our Neutral rating despite expected upside in F2Q, as we do not see the drivers of strength (fluctuations in inventory levels) as an

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Northern Oil and Gas (NYSE:NOG) Accelerating Drilling Schedule

Northern Oil and Gas (NYSE:NOG) continues to find favor with Canaccord Genuity, who says they liek their ability to choose quality acreage and aquire it at good prices. They maintain their “Buy” rating on Northern at this time.Canaccord said, “We are reiterating our rating and maintaining our target price based on Northern Oil’s accelerated drilling schedule and proven ability to organically

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